Camflo

The Camflo property, located 15 km northwest of Val-d’Or, includes the old Camflo mine, which closed in 1992 after producing 1.6 Moz of gold, and a permitted mill. The property has not been explored since the mid-1980s. Agnico indicated that it recently identified porphyry hosted gold mineralization that could potentially be mined via an open pit and milled at the nearby Canadian Malartic complex.

In 2023, Agnico completed more than 14,000 meters of drilling in 60 positions on Camflo which marks the first exploration drill program since the 1.6 Moz past-producing deposit was closed in 1992.

Notable intercepts announced by Agnico include 1.5 g/t gold over 81 meters, 3.3 g/t gold over 38.7 meters and 3.2 g/t gold over 16.2 meters over multiple zones. The second phase of exploration drilling at Camflo will test for potential lateral extensions of mineralization and infill known zones.